Long term Analysis based just on Gaussian channels. It has pointers on how I caught the bottom and the top. I am in a long from 19.7 and short from 30.8 based on these. There is a lot of confluence between 5D and Weekly which can give us ranges we are looking at for the down scenario. For the next bottom we are looking at anywhere from 21K for deepest retracement and 25K in shallowest retracement case and for average retracement we are looking at 23K. 22K is Mid band of 5D Gaussian, 21.5K is lower band of weekly Gaussian, and 23.5 is lower band of daily gaussian, all of these provide strong levels to look for bottom formation.
The important levels to look for. Loose 26500, Open doors to 25K to 21K levels.
Loose 25K on weekly open doors to 23k loose
Loose 23K open doors to 21k with wicks to 20K on weekly.
loose 20K we are looking at test of bottom ranges 17.5 to 15K. (highly unlikely at this point)
The important levels to look for. Loose 26500, Open doors to 25K to 21K levels.
Loose 25K on weekly open doors to 23k loose
Loose 23K open doors to 21k with wicks to 20K on weekly.
loose 20K we are looking at test of bottom ranges 17.5 to 15K. (highly unlikely at this point)
